Rare Downers Grove two flat offering immediate cash flow with both units currently leased, an investor's dream or a savvy owner occupant's entry into real estate. This well maintained property sits just steps from the Fairview Metra station, Hummer Park, and top rated schools. The main level unit delivers 1,129 square feet of above grade living space with 3 bedrooms and 1 full bath. Gorgeous floors flow throughout the open layout, highlighted by a charming arched doorway and abundant natural light. The updated kitchen features quartz countertops white cabinetry and stainless steel appliances including a gas range, dishwasher, and refrigerator. The remodeled bath showcases a marble style tiled tub surround and tile flooring. A showstopping enclosed front sunroom with wrap-around windows adds flexible living space. In-unit washer and dryer included. The basement provides excellent storage and additional utility. The second floor unit offers 886 square feet with 2 bedrooms and 1 full bath. The spacious living area features ceiling fans and great natural light. The kitchen includes quartz countertops, gas range, dishwasher, and stainless refrigerator. The updated bath features a modern vanity and luxury vinyl plank flooring. This unit features its own private entrance with in-unit washer and dryer. Each tenant pays their own electric, gas, heat, scavenger, sewer, and water. Five exterior parking spaces included. Don't miss this turnkey income property in one of Downers Grove's most walkable neighborhoods!
Active
$600,000
548 Prairie Ave, Downers Grove, IL 60515
5beds
--sqft
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 11 days |
- 1,221 |
- 76 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sabrina Glover, ABR,CSC,PSA 630-523-9989,
Platinum Partners Realtors
Source: MRED as distributed by MLS GRID,MLS#: 12683140
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 5
- Parking features: Off Street, Driveway, Yes, Owned
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 0908213025
- Special conditions: None
- Other equipment: Ceiling Fan(s), Sump Pump
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Paved
Location
- Region: Downers Grove
Financial & listing details
- Tax assessed value: $164,877
- Annual tax amount: $9,624
- Date on market: 6/25/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $600,000+35.7% |
Source: | ||
| 10/14/2022 | Sold | $442,000-1.8% |
Source: | ||
| 9/20/2022 | Contingent | $449,900 |
Source: | ||
| 8/15/2022 | Listed for sale | $449,900+45.1% |
Source: | ||
| 9/20/2005 | Sold | $310,000+20.4% |
Source: Public Record Report a problem | ||
| 12/9/2003 | Sold | $257,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,981 +5.2% | $164,877 +8.8% |
| 2023 | $8,534 +1% | $151,570 +5.6% |
| 2022 | $8,447 +6.8% | $143,520 +1.1% |
| 2021 | $7,910 +1.8% | $141,890 +2% |
| 2020 | $7,770 +3.1% | $139,080 |
| 2019 | $7,537 +4.1% | -- |
| 2018 | $7,241 +3.1% | $126,700 +3.9% |
| 2017 | $7,024 +1.8% | $121,920 +4.8% |
| 2016 | $6,901 +0.8% | $116,360 +6.3% |
| 2015 | $6,847 +7.5% | $109,480 +10.8% |
| 2014 | $6,372 +2.1% | $98,850 +0.5% |
| 2013 | $6,243 +3.4% | $98,380 -4.3% |
| 2012 | $6,038 +1.9% | $102,810 -6.1% |
| 2011 | $5,923 +19.1% | $109,480 +10.3% |
| 2010 | $4,974 +1.6% | $99,260 -5.8% |
| 2009 | $4,895 +14.8% | $105,360 +10.2% |
| 2008 | $4,265 +4.4% | $95,590 +5.9% |
| 2007 | $4,087 +7.9% | $90,260 +10.2% |
| 2006 | $3,788 +4.1% | $81,890 +7.7% |
| 2005 | $3,637 +10% | $76,030 +14.6% |
| 2004 | $3,305 +5.3% | $66,320 +10% |
| 2003 | $3,138 +6.4% | $60,290 +10.3% |
| 2002 | $2,950 +3.3% | $54,680 +6.8% |
| 2001 | $2,856 +1.9% | $51,210 +3.5% |
| 2000 | $2,802 | $49,480 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60515
Nearby schools
GreatSchools rating
- 8/10Lester Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 8/10Herrick Middle SchoolGrades: 7-8Distance: 1 mi
- 7/10Community H S Dist 99 - North High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Lester Elementary School
- Middle: Herrick Middle School
- High: North High School
- District: 58
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- DuPage County
- Downers Grove
- 60515
- 548 Prairie Ave





